Citigroup Inc. Lowers Stock Position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Citigroup Inc. trimmed its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Get Rating) by 2.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,624 shares of the semiconductor company’s stock after selling 2,390 shares during the quarter. Citigroup Inc. owned about 0.15% of Kulicke and Soffa Industries worth $3,745,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. D.A. Davidson & CO. increased its stake in shares of Kulicke and Soffa Industries by 2.9% in the fourth quarter. D.A. Davidson & CO. now owns 7,674 shares of the semiconductor company’s stock worth $340,000 after purchasing an additional 215 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Kulicke and Soffa Industries by 0.6% in the fourth quarter. State of Alaska Department of Revenue now owns 40,434 shares of the semiconductor company’s stock valued at $1,789,000 after acquiring an additional 232 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake in shares of Kulicke and Soffa Industries by 1.3% in the fourth quarter. SummerHaven Investment Management LLC now owns 18,752 shares of the semiconductor company’s stock worth $830,000 after acquiring an additional 233 shares during the period. Commonwealth Equity Services LLC grew its position in shares of Kulicke and Soffa Industries by 0.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 49,740 shares of the semiconductor company’s stock worth $2,201,000 after purchasing an additional 275 shares in the last quarter. Finally, Captrust Financial Advisors raised its stake in Kulicke and Soffa Industries by 4.9% during the 3rd quarter. Captrust Financial Advisors now owns 6,359 shares of the semiconductor company’s stock valued at $245,000 after purchasing an additional 298 shares during the period. Institutional investors own 98.95% of the company’s stock.

Kulicke and Soffa Industries Stock Down 0.5 %

KLIC stock opened at $50.63 on Monday. The company has a fifty day simple moving average of $49.50 and a two-hundred day simple moving average of $49.31. Kulicke and Soffa Industries, Inc. has a 52 week low of $35.95 and a 52 week high of $58.81. The firm has a market capitalization of $2.86 billion, a P/E ratio of 14.06 and a beta of 1.40.

Kulicke and Soffa Industries (NASDAQ:KLIC – Get Rating) last issued its quarterly earnings data on Thursday, May 4th. The semiconductor company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.12. The company had revenue of $173.00 million for the quarter, compared to analysts’ expectations of $171.01 million. Kulicke and Soffa Industries had a return on equity of 20.08% and a net margin of 21.19%. The firm’s revenue for the quarter was down 55.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.95 earnings per share. As a group, analysts anticipate that Kulicke and Soffa Industries, Inc. will post 1.53 EPS for the current year.

Kulicke and Soffa Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 10th. Stockholders of record on Thursday, March 23rd were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend was Wednesday, March 22nd. Kulicke and Soffa Industries’s dividend payout ratio is currently 21.11%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. StockNews.com assumed coverage on shares of Kulicke and Soffa Industries in a report on Thursday. They set a “hold” rating for the company. B. Riley lifted their price target on shares of Kulicke and Soffa Industries from $45.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, February 3rd. DA Davidson dropped their price objective on shares of Kulicke and Soffa Industries from $70.00 to $60.00 in a report on Friday, May 5th. Finally, Craig Hallum lifted their target price on Kulicke and Soffa Industries from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, February 3rd.

Insider Transactions at Kulicke and Soffa Industries

In other Kulicke and Soffa Industries news, SVP Nelson Munpun Wong sold 5,000 shares of the company’s stock in a transaction dated Friday, March 17th. The shares were sold at an average price of $53.80, for a total value of $269,000.00. Following the transaction, the senior vice president now directly owns 185,076 shares in the company, valued at approximately $9,957,088.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Kulicke and Soffa Industries news, CFO Lester A. Wong sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $51.48, for a total transaction of $2,059,200.00. Following the transaction, the chief financial officer now owns 129,746 shares of the company’s stock, valued at approximately $6,679,324.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Nelson Munpun Wong sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 17th. The stock was sold at an average price of $53.80, for a total transaction of $269,000.00. Following the completion of the sale, the senior vice president now directly owns 185,076 shares of the company’s stock, valued at approximately $9,957,088.80. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.

Kulicke and Soffa Industries Profile

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Kulicke & Soffa Industries, Inc engages in the design, manufacture, and sale of capital equipment and tools used to assemble semiconductor devices, including integrated circuits (“ICs“), high and low powered discrete devices, light-emitting diodes (“LEDs“), and power modules. The firm operates through the Capital Equipment, and Aftermarket Products and Services (APS) segments.